Confidence amongst private equity investors remains robust with the number of exits achieved during Q2 showing an increase on the first quarter and only a slight decline on the second quarter of 2016, the latest figures from drxDATA reveal.
The total number of PE exits in the UK fell by 7.1% in the second quarter of 2017 compared to the same period last year, a considerable improvement on the 16% decline in the first quarter of 2017 compared to the same period in 2016.
Meanwhile the number of secondary buyouts increased sharply, rising by 21% from 48 to 58 in the second quarter of 2017 compared to the same period last year. Three IPOs took place in the second quarter compared to five in the same period last year.
Commenting on the figures, Graham Roadnight, Drax Executive’s managing director, said: “Our drxDATA figures show that there has been considerable activity in the UK private equity market in the second quarter of 2017 and that overall exit figures have held up well. While there has been a small slowdown in the total number of private equity exits taking place in the UK compared to last year, the number of secondary private acquisitions has increased. These figures show that there is considerable confidence in the private equity market from investors and many good investments around.”
According to drxDATA, a total of 182 private equity exits took place in the first half of 2017 compared to a total of 205 exits in the first half of 2016.
drxDATA is a proprietary platform owned by Drax which can be used to develop unique data sets which provide insights and analysis for our clients.